Luxury carmaker Aston Martin is to direct some £500 million towards products and technology after a new shareholder confirmed it would invest £150m in the firm, taking a stake of 37.5 per cent.
European investment group Investindustrial will become a major stakeholder in the famous marque, which is based in Gaydon, Warwickshire. Aston Martin said it was also receiving support from Kuwaiti group Investment Dar.
The car group’s chairman, David Richards, said: “I am delighted that Investindustrial has decided to become a major investor in Aston Martin.
“With the support of Investment Dar, we have made substantial progress over the past five years in laying the foundations for success as one of the world’s leading luxury sports car manufacturers.”